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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bespak | LSE:BPK | London | Ordinary Share | GB0000946276 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 667.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7726U Bespak PLC 19 April 2002 For Immediate Release: 07.00 am, 19 April 2002 Bespak and DEKA Research & Development Corporation ("DEKA") Announce Partnership in Controlled Pulmonary Drug Delivery Bespak (LSE:BPK), an innovator of drug delivery technologies, announced today that is has entered into an exclusive agreement with DEKA, the US based company known for its expertise in design, development and testing of sophisticated medical devices. Working closely together, Bespak and DEKA will look into ways of developing patient specific, safe, reliable and repeatable drug delivery technology to deliver a broad range of inhalation therapeutics in cost effective, patient-friendly packaging configurations. Under the terms of the agreement DEKA and Bespak will work together to provide innovative concepts for precisely controlling, monitoring and delivering aerosolised drugs, to specific locations in the human respiratory tract. Present methods of drug delivery to the respiratory tract are heavily patient influenced and the effectiveness can vary from dose to dose. The technologies will have applicability for both locally active therapies and systemic drug delivery via the respiratory tract. Current approaches to systemic delivery include oral dosing, where much or all of the active material may be lost in the metabolism before reaching the intended target, or more invasive approaches such as injections, that are not patient friendly and the time to onset can be up to 30 minutes. Mark Throdahl, Chief Executive Officer of Bespak, stated: "This partnership is highly significant to Bespak as we develop in the drug delivery arena - success of this particular programme would mean the total re-invention of the pulmonary drug delivery process. Dean Kamen's agreement to work with Bespak on this project and to use his considerable expertise in the medical device area is a great endorsement of our continued progress in drug delivery. We look forward to updating the market in due course on our work with this world-class partner and our joint development of these novel respiratory aerosol drug delivery systems." Dean Kamen, Chief Executive Officer, President & Founder of DEKA, added: "We are excited to be working alongside one of the leading experts in the area of innovative drug delivery - I look forward to developing a radical new drug delivery system with Bespak, thereby transforming the current method of pulmonary drug delivery." - ENDS - Bespak will be holding a technology workshop today, which commences at 9.30 am at Herbert Smith's offices, Primrose Street, EC2. For further information please contact Nicola How or Louise Bolton at Buchanan Communications on 020 7466 5000. For further information please contact: BESPAK plc Mark Throdahl - Chief Executive Tel: +44 (0) 20 7518 7900 Robert Preece - Deputy Chief Executive & Group Finance Director BUCHANAN COMMUNICATIONS Tel: +44 (0) 20 7466 5000 Nicola How / Tim Thompson Notes to Editors: About Bespak plc: Bespak plc is in the forefront of developing new delivery systems for the pharmaceutical industry. The company has a product range covering metered dose inhalers, dry powder inhalers, actuator and spacer systems, as well as specialist components and assemblies for the US medical device industry. The Group has manufacturing facilities in King's Lynn and Milton Keynes in the UK and in Cary, North Carolina in the USA. Quoted on the Full List of the London Stock Exchange, Bespak is valued at approximately £150 M. About DEKA: Founded in 1982 by Dean Kamen, DEKA employs over 200 people dedicated to creating innovative solutions for advanced technologies. Dean Kamen is viewed as one of America's most prestigious inventors; one of the most well known of his inventions is the HomeChoice, a portable kidney dialysis machine, developed for Baxter Healthcare. One of DEKA's most widely anticipated products is the INDEPENDENCETM IBOTTM Mobility System, developed for Independence Technology (a division of Johnson & Johnson), the IBOTTM is a sophisticated, self balancing mobility aid for the physically challenged designed to climb stairs and traverse uneven terrain. DEKA is also becoming well known from the recent creation of the company and product named SegwayTM, focused on personal mobility devices based on DEKA's self balancing technology. Systemic Drug Delivery / Inhalation: Inhalation provides a potentially effective and efficient non-invasive means of delivering therapeutics agents for the treatment of both local pulmonary and systemic conditions. Particles in the form of fine aerosols of liquids or dry powders may be depositedon to the inner lung surfaces at various distances or depths into the lung. The effectiveness of a particular drug varies based on where it is deposited with respect to the intended target site in the lung. This information is provided by RNS The company news service from the London Stock Exchange
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